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Royal & SunAlliance announces new structure for its Professional Indemnity business (Created:
28th March 2007) |
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Following the acquisition of Martello Underwriting Limited in 2006, Royal & SunAlliance (R&SA) has today unveiled its new structure for its Professional Indemnity (PI) business – due to take effect in July this year. The changes are being made to strengthen R&SA’s position as a leading provider of professional indemnity insurance, and new products and an enhanced serv
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Martello acquired by Royal & SunAlliance (Created:
13th November 2006) |
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We are pleased to announce that
Martello Group in the UK has been acquired by Royal & SunAlliance, subject
to regulatory approvals.
Martello
(trading under Saturn, PI Direct, PI Brokerlink and Magian Underwriting) has
already built a solid relationship with R&SA, through its position as sole
provider of capacity for Saturn’s PI portfolio since March 2006, and this
latest
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Improved access and security (Created:
9th June 2006) |
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Magian Underwriting ("Magian") is one of the UK's leading providers of professional indemnity insurance to financial advisers, including general insurance and mortgage intermediaries.Magian underwrites under a binding authority provided by Heritage, a respected Lloyd's managing agency. Heritage has expressed a long term commitment to the facility and additional insurers may be added to the panel o
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Heritage to provide capacity to Magian Underwriting (Created:
1st January 2006) |
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From the 1st January 2006 Magian will underwrite under a binding authority provided by Heritage, a respected Lloyd ’s managing agency. Heritage has expressed long term commitment to the facility and additional insurers may be added to the panel of underwriters as increased capacity is required. |
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Martello Underwriting Limited appoints Andrew Wallas as Chairman (Created:
10th October 2005) |
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Andrew Wallas is to become the Non-executive Chairman of Martello Underwriting Limited, with effect from 1 September 2005.Andrew Wallas recently retired from Glencairn Limited, the well established City broking firm which he founded in 1993. He is one of the most respected figures in the London professional indemnity market, having started his career with Nelson Hurst & Marsh, where he was Man
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PI Direct and Saturn merge to form the largest professional indemnity underwriting agency Group in the UK (Created:
6th August 2004) |
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PI Direct (“PID”), through the creation of a new holding company, is merging with Saturn Professional Risks (“Saturn”). The new holding company is owned by the management of both companies and new investors Penta Capital (“Penta”). Although both PID and Saturn will continue to operate independently, the new Group is now effectively the largest specialist professional indemnity underwri
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